Daily Archives: June 12, 2017

GST on Construction & Turnkey Projects – Suggestions Invited

GST on Construction sectors and Turnkey Projects Dear Professional Colleague, Greetings from Indirect Taxes Committee! The Indirect Taxes Committee is in receipt of request from the department, for providing suggestions on GST pertaining to Construction sectors and Turnkey Projects. In this regard, we request you to provide us with your suggestions on the same, if… Read More »

Category: GST

GST-How to Take Input Tax Credit on Closing Stocks – VS Datey Book

GST-How to Take Input Tax Credit on Closing Stocks Paperback – 2017 by V.S. Datey (Author, Contributor) Incorporating Migration of existing persons Carry forward of existing Cenvat credit and input tax credit Input tax credit where person having tax paying document,was ineligible for credit earlier Deemed Input Tax Credit when tax paying documents not available Other… Read More »

GST-How to Meet Your Obligations – 2nd Edition 2017 Book SS Gupta

GST-How to Meet Your Obligations (Set of 2 Volumes) Paperback – 2017 by S.S. Gupta (Author, Contributor) With GST Rates & Rules [ Updated till 3rd June 2017] Volume 1 : Basic Concepts, Transitional Provisionsas per New Rules, Levy Of GST, Supplies, Non-Taxable Supplies, Time of Supply, Place of Supply, Value of Supply, Reverse Change, Job Works, e-Commerce… Read More »

Category: GST

GST – How to Make Your Business GST Ready -V.S. datey

GST – How to Make Your Business GST Ready – Paperback – 2017 by V.S. datey (Author, Contributor) Price Rs 370 Click to buy Book online Edition : 2017 Edition Date of Publication : June 2017 ISBN No.:9789386482952 Binding : Paperback No. Of Pages : 272 Weight (Kgs) : 0.3 View  Contents of this Book  : How to… Read More »

GST applicable on Delivery Charges charged by seller

Is GST applicable on Delivery Charges charged by a seller of goods towards reimbursement of transportation cost from customer Yes. Please refer to Section 15 of the CGST Act. [ Reply  as per Twitter Account of Govt of India for GST queries of Taxpayers ] Read Other related GST Questions / Queries replied  Read other related GST Technical… Read More »

Every importer of goods has to do self invoicing under GST

Do every importer of goods has to do self invoicing? Yes. [ Please refer to Final GST Tax Invoice Rules – Approved by GST Council 18.05.2017 ] [ Reply  as per Twitter Account of Govt of India for GST queries of Taxpayers ] Read Other related GST Questions / Queries replied  Read other related GST Technical / GST… Read More »

Stamp duty on property not subsumed in GST

whether stamp duty on property would be subsumed in GST. NO [ Reply  as per Twitter Account of Govt of India for GST queries of Taxpayers ] Read Other related GST Questions / Queries replied  Read other related GST Technical / GST Tech Questions

No ITC under GST if item is Nil rated

Will reverse charge apply to purchase of Paddy from Farmers? Will ITC be restricted on By products which are NIL rate under it? Reverse charge will be applicable on all supplies made from an unregistered person to a registered person. If item is nil rated then no ITC ( Input Tax Credit ) [ Reply… Read More »

Job work done from unregistered job worker – Pay GST by Reverse Charge

Job work done from unregistered job worker. Wheather reverse charge apply. Yes. Reverse charge would apply to the consideration to the job worker [ Reply  as per Twitter Account of Govt of India for GST queries of Taxpayers ] Read Other related GST Questions / Queries replied  Read other related GST Technical / GST Tech Questions

GST ITC credit to Trader of Stationery goods

As Trader of Stationery goods what all input tax credits will be taken by me on Services like Mobile,Telephone ,Tickets and how ? Input tax credit can be availed on most of the items except those not allowed under Section 17 of the CGST Act   [ Reply  as per Twitter Account of Govt of India for… Read More »

Final GST Rules ( As approved by GST Council of India )

Final GST Rules Central Goods and Services Tax Rules 2017 – CGST Rules 2017 – Notification No. 3 /2017 – Central Tax Dated 19.06.2017 Final GST Advance Ruling Rules Approved by GST Council Final GST Advance Ruling Formats Approved by GST Council Anti-profiteering Rules 2017  As approved by GST Council Final GST Appeals and Revision… Read More »

IGST Exemption List Approved by GST Council on 11.06.2017 – Download Print

IGST Exemption under GST [As per discussions in the 16th GST Council Meeting held on 11th June, 2017 RESS RELEASE, DATED 12-6-2017 I. Bilateral Commitments – Imports under Agreement between India and Pakistan/Bangladesh for regulation of Bus Service S. No. Notification Gist of the notification 1. No.4/99-Customs, dated 08.01.1999 1. Passenger bus; and 2. Spares,… Read More »

Revised GST Rate Approved by GST Council on 11.06.2017 – 69 Items

REVISED GST RATE FOR CERTAIN GOODS [As per discussions in the 16th GST Council Meeting held on 11th June, 2017] PRESS RELEASE, DATED 12-6-2017 S. No. Chapter/Heading/Sub-heading/Tariff item Description of goods Earlier GST rate approved by the GST Council Revised GST Rate approved by the GST Council 1. 0506, 0507 90 Bones and horn cores,… Read More »

Category: GST